What is pensionable income in SAP PA-PF - Pension Schemes?

SAP Term: pensionable income

• Component: PA-PF

• Component Name: Pension Schemes

• Description: A base used for the calculation of the monthly pension contribution. Corresponds to the average base salary ABS.

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• Key Concepts: 
  Pensionable income is the amount of income that is used to calculate an employee's pension benefits. It is typically based on the employee's salary, but may also include other sources of income such as bonuses, overtime pay, and other forms of compensation. In the SAP system, pensionable income is managed through the PA-PF Pension Schemes component. 
  
  How to use it: 
  The PA-PF Pension Schemes component allows users to define and manage pensionable income for employees. This includes setting up pensionable income categories, setting up pensionable income rules, and calculating pensionable income for each employee. The component also allows users to view and manage pensionable income information for each employee. 
  
  Tips & Tricks: 
  When setting up pensionable income categories, it is important to ensure that all relevant sources of income are included. This will ensure that all employees receive the correct amount of pension benefits. Additionally, it is important to review and update pensionable income rules regularly to ensure that they are up-to-date with any changes in legislation or regulations. 
  
  Related Information: 
  For more information on how to use the PA-PF Pension Schemes component, please refer to the SAP Help documentation. Additionally, there are a number of online resources available that provide detailed information on how to set up and manage pensionable income in SAP.